Israel's Noy Fund, Eranovum close PPAs for 324 MWp of solar in Spain

• Israel's Noy Fund and Spanish investment and administration services strong Eranovum have actually closed two power purchase contracts (PPAs) to supply electricity from a pair of solar farms with a total amount of 324.2 MWp that they have in Spain.

The off-taker is Telecor SA, part of Spanish department store chain proprietor El Corte Ingles Group as well as provider digital products and services, power management, and telecommunications remedies.

Law firm Watson Farley & Williams (WFW), which suggested Noy Fund as well as Eranovum on the PPAs, announced the news on Wednesday.

Telecor will certainly be offered electricity from the 169-MWp Olmedilla and also the 155.2-MWp Sabinar I solar farms. These projects are Noy Fund's very first financial investments in Spain. Eranovum is comprehended to be the fund's local companion in the nation.